Pitcairn Co. Has $499,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Pitcairn Co. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,549 shares of the basic materials company’s stock after selling 454 shares during the quarter. Pitcairn Co.’s holdings in DuPont de Nemours were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in DuPont de Nemours during the 4th quarter valued at $146,605,000. Prudential Financial Inc. raised its position in DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after buying an additional 986,366 shares during the period. Assenagon Asset Management S.A. lifted its stake in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Schroder Investment Management Group boosted its position in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after acquiring an additional 756,604 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in DuPont de Nemours during the 4th quarter valued at about $50,063,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 13.0 %

NYSE:DD opened at $58.96 on Friday. The company’s 50 day moving average is $77.71 and its 200-day moving average is $80.36. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $56.18 and a 12 month high of $90.06. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.78%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup raised their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. UBS Group upped their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.